Totally agreed here. I am anxious to see more, great work! I have a post with similar sentiment if you would like check it out tell me what you think. Enjoy your coming 2018, best of luck!
https://steemit.com/politics/@cryptkeeper17/the-bloodless-american-fiscal-revolution-will-now-be-digitized-section-1
You are viewing a single comment's thread from:
Just did. I will follow you. You seem to be an expert in finance. What are your thoughts about the theory that the whole financial system was designed to crash every few decades ?.
I find the notion absolutely plausible...
Very kind thanks for the response. Markets naturally recapitulate based on gains. In my piece what I tried to lay out is that's fine, but with a continually growing deficit, increasing interest payments on all money, let alone that debt is accruing, there is just continuous debt and no answer to real free markets. Just a bunch of crabs in a bucket pulling each other down every time one gets somewhere, while the king makers who hold exclusive rights to provide government currency watch and let everyone duke it out for their crumbs. In my opinion the financial system currently is designed to crash whenever the market makers and current holders of the status quo interests want it to. If it was done too often there would be violent revolt. If never done their interests would dwindled down due to other exponential growth within the system. I am not a fan of forced financial regulation, it has always turned to a buddy network that makes 1790s France look like a neighborhood pub.
Right, makes sense. Thank you for your response!
The theory I am referring to is that it is designed to crash, it has to crash, but they do it only every view decades because people don't remember the last one, it was a different generation...
So the same bubble craziness can be repeated over and over again...
I'd buy that. There was a pretty solid period in the United States from 1945 (postwar)-say the mid seventies. Not perfect times financially but really no crashes. Maybe back to your point the working class had grown up in the biggest financial crash as we see it today in the last 100 years. There sure were a lot of collapses and again, I think they are to a degree fixed collapses, if not intended pullbacks in capital that goes horribly wrong.
Yes. That makes perfect sense. The huge pile of Fiat money will get converted into tangible assets when people lose their homes. The disgusting punks responsible should be put against a wall IMHO.
In my opinion there is no such thing as fiat money, there is always something fundamental of value or incentive backing any currency seen of any value. In my opinion the most basic backing of any currency in the physical force that can be put in place to enforce its viability. Then you go further and get levels of production amongst the holders, consumer confidence, etc.
Sure, do you think the wealth is walked away with (by insert whoever's name here) and everyone else is stuck taking the loss in lifestyle/buying power? Or that wealth that is created is pretty much removed from the market? Sorry it's been a long day for me already I feel like I know what you're trying to say I am just having a difficult time responding back you.
No worries. You did just fine! I got my answers from you.
Get some rest 😀